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Anchor Inn hotel in Bayside sold for $15.9M last week.

The latest big real estate deal to drop anchor in Bayside involves the Anchor Inn, which was recently sold for nearly $16 million.

The hotel, located at 215-34 Northern Blvd., has been a staple in the Bayside neighborhood for nearly 50 years. In the transaction, 215 Northern Property LLC sold the property for approximately $15.9 million to a yet-to-be identified buyer. New York Real Estate Journal (NYREJ) first reported this story.

Charles Chang, a senior director at Highcap Group who acted as the broker in the transaction, explained that the property is located in the flexible C2-2/R6B zoning, which allows for multiple potential uses. According to Chang, the new owner may decide to build an additional floor and add 44 rooms, which would increase the total number of rooms to 110 rooms and expand the total floor area to 40,000 square feet. Chang told QNS that extra parking would not be added to the building. The hotel was sold at $241,000 per room.

The two-story building extends 27,000 square feet with an additional 13,000 square feet of air rights. The property is located west of the Cross Island Parkway within walking distance of the Long Island Rail Road Bayside Station. It also entails 200 feet of frontage on Northern Boulevard, a busy thoroughfare near the main shopping district on Bell Boulevard. 

NYREJ reported that the hotel was under a long-term ownership for close to 50 years. This, however, is incorrect because the public records show that Northern Motor Inn Inc. sold the property as recently as in April 2016 to 215 Northern Property LLC for $14.1 million.

A spokesperson at Queens Community Board 11, which serves the Bayside area, said that the board was unaware of the property sale. The plan was also unknown to the general manager at Anchor Inn, who preferred not to comment any further.

Managers at nearby restaurants Pizza Hut and Quiznos seemed certain that their businesses would not be affected by Anchor Inn’s closing deal.

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